Economist: Reduce Tax on Labor and Increase Tax on Accumulated Wealth

James Galbraith (professor at the Lyndon B. Johnson School of Public Affairs and at the Department of Government, University of Texas at Austin) testified before the Senate Finance Committee that a "shift of the tax burden away from labor, onto energy, and onto accumulated wealth - with the philanthropic escape clause - would help give us back a healthier, more egalitarian, and more democratic society in future years."

Posted by Joseph Siegmann, Associate Editor, Wealth Strategies Journal.